Everest Group, Ltd. (NYSE:EG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 17.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,216 shares of the company’s stock after selling 4,201 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Everest Group were worth $7,345,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Eastern Bank bought a new position in Everest Group during the 3rd quarter worth approximately $35,000. Brooklyn Investment Group bought a new position in Everest Group during the 3rd quarter worth approximately $39,000. Private Trust Co. NA lifted its holdings in Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after buying an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Everest Group during the 3rd quarter worth approximately $64,000. Finally, Avior Wealth Management LLC lifted its holdings in Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on EG shares. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company cut their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Barclays raised their price target on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $416.50.

Everest Group Stock Performance

Shares of NYSE EG opened at $336.23 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.22 and a beta of 0.65. The stock’s fifty day simple moving average is $354.32 and its 200 day simple moving average is $370.93. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30.

Everest Group (NYSE:EG) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 53.15 earnings per share for the current fiscal year.

About Everest Group

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.